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PEREGRINE ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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PEREGRINE ACTUAL EXAM QUESTIONS WITH COMPLETE SOLUTIONS
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ESTUDYPEREGRINE ACTUAL EXAM QUESTIONS WITH
COMPLETE SOLUTIONS
1. **Which of the following is NOT a strategic alternative to laying off employees?**
- A. Implementing a restricted hiring policy
- B. Downsizing the workforce
- C. Lowering employment standards
- D. Mandating reduced hours
**Answer: C. Lowering employment standards**
2. **KJ built his taco truck using $75,000,000 worth of titanium and duct tape. He uses $10.25 of organic
bok choy, $6.75 of Wisconsin cheddar cheese, and $25.25 of foie gras in each taco. If he sells tacos at
$475 each, what is his break-even quantity?**
- A. 194,640
- B. 173,310
- C. 167,125
- D. 181,292
**Answer: B. 173,310**
3. **What is the focus of the Marketing Concept today?**
- A. Sales
- B. Relationships
- C. Aggressive advertising
- D. Price
**Answer: B. Relationships**
4. **Which of these is NOT a cash flow activity category in the Statement of Cash Flows?**
- A. Operating
- B. Investing
- C. Financing
- D. Depreciating
**Answer: D. Depreciating**
5. **Which one of the following statements is false?**
, ESTUDY
- A. TC = TFC + TVC
- B. ATC = AFC + AVC
- C. AFC = TFC divided by Q
- D. MC = TC divided by Q
**Answer: D. MC = TC divided by Q**
6. **Which ratio explains how efficiently companies use their assets to generate revenue?**
- A. Receivables turnover ratio
- B. Asset turnover ratio
- C. Income ratio
- D. Quick ratio
**Answer: B. Asset turnover ratio**
7. **What does the sum of the squares total (SST) measure?**
- A. Measures the total variability in X about the mean
- B. Measures the total variability in Y about the mean
- C. Measures the variability in X about the regression line
- D. Measures the variability in Y about the regression line
**Answer: B. Measures the total variability in Y about the mean**
8. **This strategy sacrifices responsiveness to local markets in favor of efficiency. For example,
Microsoft offers the same software worldwide but adjusts it for local languages. What is this strategy
called?**
- A. Multinational strategy
- B. Global strategy
- C. Transnational strategy
- D. Multidomestic strategy
**Answer: B. Global strategy**
9. **Another Time Around helps young inner-city kids develop products to sell and earn money for
college. What concept best describes this?**
- A. The marketing mix
- B. Cause marketing
- C. Benevolent advertising
- D. A tax deduction
- E. Corporate charitable marketing
- F. None of the above
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